10/28/2016

Chinese investors are likely to invest in gold and bitcoin

The trend in USD/CNH (China Offshore Spot)and USD/CNY is clearly distinguished, with the yuan having fallen just over 12% since the January 2014 lows. when we notice the USD/CNY moving progressively higher without any major breakout in range expansion, you can expect Chinese investors to look very closely at investing in gold and bitcoin. Bitcoin especially has a strong correlation with USD/CNY , so this could be an attractive asset to put on the radar.http://www.sowug.org.za/home/e-community/groups/viewdiscussion/408-?groupid=4